Avalanche’s partnership with Alibaba Cloud shall lead to the formation of tools that would let users establish validator nodes on Avalanche’s public blockchain platform in Asia.
To support its Node-as-a-Service initiatives, Alibaba Cloud, or Aliyun, a division of the Chinese e-commerce behemoth Alibaba, confirmed an integration with the Avalanche blockchain.
Through their collaboration with Alibaba Cloud, Avalanche will create the tools necessary for users in Asia to set up validator nodes on their public blockchain platform.
Using Alibaba Cloud’s plug-and-play infrastructure as a service, Avalanche developers can build new validators.
Developers can take advantage of additional resources provided by Alibaba Cloud, including computation, storage, and distribution if they anticipate high resource demands during peak hours.
APAC's largest cloud service provider, Alibaba Cloud, has expanded support for #Avalanche!
— Avalanche 🔺 (@avalancheavax) December 2, 2022
The release states that Avalanche supports over 1,200 validators and handles about 2 million transactions each day. Since Alibaba Cloud is the largest Asian cloud service provider, the collaboration has a significant scope.
Alibaba Cloud sponsored a special deal by giving Avalanche developers credit toward any of their services as part of the integration. More than 1,000 projects are already powered by Avalanche, including ecosystems for decentralized finance (DeFi) as Aave, Curve, BENQi, Sushi, and Chainlink.
Chinese investor Bo Shen claimed to have lost $42 million from his Trust Wallet. Bo Shen is a general partner of the Fenbushi Capital venture capital fund, which is advised by Vitalik Buterin.
Shen stated that the money that was lost belonged to him and had nothing to do with Fenbushi Capital:
“Local law enforcement has been notified about the event. Both the FBI and lawyers have been involved. In the end, civilization and justice will triumph over evil and savagery. The iron rule of human society is something like this. Only a matter of time will pass.
Later, Shen’s loss of money was verified by blockchain analytics company SlowMist, but no security vulnerabilities on the part of Trust Wallet were found.